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Who Are The Top Holders Of US Treasurys
Yesterday, when the Treasury released its TIC data early by mistake, the update that China's holdings rose to a record $1.317 trillion caused a stir. This was confusing, since while China, which as we reported yesterday, now has a record $3.8 trillion in reserves having grown by $500 billion in 2013, has barely invested in US paper, and in fact going back to 2010, its holdings were a solid $1.2 trillion. In other words, its Treasury holdings have increased by a modest $100 billion in three years. Hardly anything to write home about. And certainly nothing to write home about when one considers the soaring Treasury held by the largest holder of US paper... everyone knows who that is. For those few who don't, and for everyone else too, here is the most recent breakdown of the top holders of US paper.
And now a question: with the Fed already "tapering" its purchases of Treasurys, and thus no longer the failsafe backstop bidder of first, last or any resort, how much interest in "money good" paper will everyone else have?
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Da Fed is so fuckd!
Why no social security trust fund holdings bar in the graph ?
Because they don't hold Treasuries. They hold a special "debt instrument" that is effectively LIKE a Treasury, but isn't one. It's a Congressional IOU, basically. It only exists in the Social Security trust fund world- it can't be traded on the market like Treasuries.
Has the UK fallen off the map?
They used to be number 3!
http://www.zerohedge.com/article/uk-holdings-us-treasuries-go-exponentia...
http://www.wealthson.com/1549/who-are-the-largest-holders-of-us-debt
http://www.davemanuel.com/2011/01/22/why-is-the-uk-buying-so-much-us-debt/
The Bankster takeover of America is just about complete.
Invasion is next.
The interest payments alone are enough to fund China's military budget annually.
Having debt is bad enough, "investing" in debt deserves a special type of idiot's reward. I would never own a government bond on principle alone.
Debt is money.
Debt is currently posing as money, until.....
Looks like China is conducting a taper of their own..
I wonder how that equates to the nominal dollar value of their national gold hoarding process..
And where are the Saudis on this chart?
Weren't they a large 'bag holder' or did I dream that?
Belgium and Caribbean banks. LOL. Yeah right. They expect us to believe that shit?
Hey, where's my name? I know I have at least one T-bill sumwear ... but it may have fallen behind the dresser or hiding under the couch seat .....
Oh well.
yeah, I was looking for the bar with my name on it too.
WTF is Brazil's problem??? That country needs an invasion.
No UK or oil producers, but has BELGIUM???!"!!!
The chart is crap.
well euroclear and BoNY are based in Belgium or have substantial operations there and are considered belgian holders although they only are custodians for third parties.
if it can be repaid. it's not capital
if a mouse farts in japan, with the already astronomical levels of debt they have, they will liquidate treasury holdings. its funny how china and japan hate eachother yet are the biggest holders of treasuries. its a coin toss between the two who sells USD first. tick tock
thank God the radiation has blocked the rodent's gastrointestinal functions
How can Japan be buying treasuries when they have a huge debt of their own? LOL.
Because Treasuries are like money and Japan needs money (US dollars to be specific) in order to buy oil and to conduct a majority of international trade.
Psst.
Read the fine print on the UST. You are only allowed to to _sell_ it at the pleasure of the issuer.
When it gets ugly, the Treasury Dept. will tell holders that they are non-exchangeable and only subject to redemption when they roll.
Another good reason to let your long-terms roll off and only hold short-terms.
When the music stops, if any significant run starts, the Tres will close and lock the exits.
Like I said, read the fine print, it's not an OTC thing when you're a sovereign holding north of 100mil.
Wrong, wrong, wrong.
Just because our modern CURRENCY (which is only "currency", NOT money) is issued as debt does not mean that ALL debt is automatically therefore "money" as well. You are implying an equivalency in your statement which is patently false.
If set A is a subset of set B, set B is not identical to set A.
This is where all those muddleheaded deflationists go wrong, assuming that ALL forms of debt are not only equivalent to each other, but that ALL debt is somehow equivalent to money.
Could have just said, 'Not all debt is money'.
I think you're being a bit pedantic mate - not a real criticism, considering I'm often the same. Money (M0 to MZM) can be defined as currency in circulation and demand deposits, the latter representing by far the greater amount, 98%+ in electronic format. The basis/backing of that money supply, par liquidity on demand, is in the form of DEBT of course, the treasuries sold to reconcile/facilitate government spending.
Here's where it gets a bit interesting. All market funds are also classified as MZM, considering that derivative financial vehicles such as CDS and MBS which are related to financials with maturity dates and therefore not MZM, but can be sold to create money, are they not also "money"? In which case, the money in existence is in the magnitude perhaps 1000+ times the touted amount in existence should the notional value of derivatives be considered.
Seriously, I have two science degrees and I am not actually sure about it. So, "Debt is money", or "Most of the money is backed by debt and bullshit" works for me. Real SOV and MOE is gold obviously, until somebody invents an honest way to measure human effort into currency. (HA!)
Sorry, wrong. All debt instruments, including the currency, are promisory notes. The currency is a bond with a rolling maturity of one day. Currency and debt are equivilent. They are a promise to pay at a future point in time.
Debt is money?
Gold is money - all else is credit. - Some Famous Dude
Gold is the money of Kings
Silver is the money of gentlemen
Barter is the money of peasants
Debt is the money of slaves - Some Other Famous Dude
What interest payments? The instrument is sold at a discount and is paid back with other discounted, phony instruments.
Ok. One more time explained a little differently for the hard of hearing. We are Slaves. STOP bickering & arguing over a Political, Economic, Religious or Educational System/s which is based on Criminal, Contract Law. A system based on Criminal Fraud, Debt Bonade & Enslvement.
When the UNITED STATES declared bankruptcy, pledged all Americans as collateral against the national debt, and confiscated all gold, eliminating the means by which you could pay, it also assumed legal responsibility for providing a new way for you to pay, and it did that by providing what is known as the Exemption, an exemption from having to pay for anything. In practical terms, though, this meant giving each American something to pay with, and that \"something\" is your credit.
Your value to society was then and still is calculated using actuarial tables and at birth, bonds equal to this \"average value\" are created. I understand that this is currently between one and two million dollars. These bonds are collateralized by your birth certificate which becomes a negotiable instrument. The bonds are hypothecated, traded until their value is unlimited for all intents and purposes, and all that credit created is technically and rightfully yours. In point of fact, you should be able to go into any store in America and buy anything and everything in sight, telling the clerk to charge it to your Exemption account, which is identified by a nine-digit number that you will recognize as your Social Security number without the dashes. It is your EIN, which stands for Exemption Identification Number.
Well that puts a damper on things
How about our interest payments YIKES!
When Will Interest on US National Debt Exceed $1 Trillion? When Will the Fed Hike Rates?
Hidden Agenda
The current blended rate of interest on the national debt is a mere 2.4% according to the CBO.
The “optimistic” projection of $668 billion assumes the rate will stay below 3.1% through 2020.
With that in mind, please consider the Fed’s ‘hidden agenda’ behind money-printing
One of the most important reasons the Fed is determined to keep interest rates low is one that is rarely talked about, and which comprises a dark economic foreboding that should frighten us all.
Let me start with a question: How would you feel if you knew that almost all of the money you pay in personal income tax went to pay just one bill, the interest on the debt?
more
http://freedomoutpost.com/2014/01/will-interest-us-national-debt-exceed-...
"One of the most important reasons the Fed is determined to keep interest rates low is one that is rarely talked about, and which comprises a dark economic foreboding that should frighten us all."
Except for the Hedge, where the subject comes up rather regularly either in articles or thread comments.
yeah super secret stufff there being revealed via General Electric, thanks. .. reason the owners maximize the profit function by prolonging the system and working towards a smooth transition to an international varietal, as conditions permit
I wonder what sort of collateral they're going to demand when we default. Kiss your national monuments goodbye.
Send them Britney and Miley.
but by all means, save the Jonas Brothers
Vote:> Gimme Britney
Vote:> Gimme Miley
I would want our farm land as collateral.
Feed the people!
nevr say default. you roll it. you go international BW, you sell collateralized gold in the open market as a last resort for Pete's sake, but abrogating contracs one deliberately signs is silly. Why go to work?
"The US never got rid of slavery. They merely replaced iron chains for the blacks with invisible financial chains for almost everyone else, i.e. the 98% who do not control the levers of money and its creation"
- Kirk's father, ca. 1985
Real slavery was abolished, debt slavery was just getting started. No accident, you are right about that.
People generally "wake up" when they find out they have a few weeks or months to live, then its too late to do anything other than regret wasting their lives.
Google: cafepress cursing fish
I'll just keep repeating what I've said since 2008... Hope & Change was nothing but Hoax & Chains.
I guess the EU and UK and India have enough worthless paper of their own
"It's a Congressional IOU, basically"
That what ALL DEBT is not just the SS debt but ALL THE DEBT is a congressional IOU and that debt is backed by the Full Faith and Credit of the U.S. Government - but the U.S. in Government is US - each of us that pay taxes that is.
...and if you divide that debt amongst us...
"...and if you divide that debt amongst us..."
Answer ...
"The average share of total U.S. debt in the United States is $193,000 for each man, woman and child, according to a calculation of $60,016,701,192,365 in U.S. total debt by the National Debt Clock.
The composite figure combines all forms of debt. If one takes the current U.S. national debt of (approx.) $16.7 trillion (the U.S. Treasury has not been updating numbers for some reason), and divided that by the population of 313.9 million, that comes to $53,201 each person owes the United States government."
http://www.ijreview.com/2013/10/83785-incredible-much-man-woman-child-ow...
I'll pay after everyone else does!
Some of us consider it odious debt, so you'll be waiting a good long time in order to pay after some of us do...
"Except that some are more Average than others", given that 47% of people and 'corporations' (C-corp, S-corp, LLC), charities and religious orgs in the US do NOT pay State Income Tax.
That is not correct.
As the owner of an S-corp - I pay state income taxes; same for the LLC.
So, technically, the company doesn't pay those corp taxes because I DO.
And just for grins, I decided to do about 15 min. of research for Taxes (how to legally minimize or avoid them), and how Bankruptcy laws in some states area "Godsend". Well, maybe more of a "Congressman-send"...
http://en.wikipedia.org/wiki/File:19237_TaxFoundation_v2.gif
http://taxes.about.com/od/statetaxes/a/tax-free-states.htm
· Alaska
· Florida
· Nevada
· South Dakota
· Texas
· Washington
· Wyoming
http://taxes.about.com/od/statetaxes/a/Highest-State-And-Local-Taxes.htm
States With The Lowest Taxes
To rank the state’s tax burdens, the Tax Foundation compared the total taxes that state residents pay as a percentage of per capita income. Included in the total taxes are local taxes such as property taxes and local sales taxes. The states whose residents pay the least in taxes are:
States With The Highest Taxes
At the bottom of the Tax Foundation’s rankings were these states, with the highest tax burdens in the nation:
military tax information
http://usmilitary.about.com/library/milinfo/allhands/bltaxes.htm
http://www.legalconsumer.com/bankruptcy/laws/
The following 11 states have “Sweatheart” deals for people filing a Ch.7 Bankruptcy, insofar their Homestead Exemption allows them to effectively keep their entire property that’s their Principal Residence:
Alabama, Arkansas, Florida, Kansas, Minnesota ($390k exemption for property), Montana ($250k exemption for property), Nevada ($550k exemption for property), Oklahoma, Rhode Island ($500k exemption for property), South Dakota, Texas (best overall package for home + vehicles).
I just have to wonder... How is it that the people who complain about taxes (expresses in code as “size of government”) seem to be from states with (a) no State Income Tax, or (b) from states with real Sweatheart deals for Ch.7 Bankruptcy protection?
Florida, Nevada and Texas seem to enjoy particular benefits in these regards, and I can see why people might move there – especially if they want to minimize their heating costs (although the AC bills can be a real bitch, if you got hot summer nights and can’t use a Swamp Cooler at night to cool the place). If I had to pick one of these 11 or the 3 Finalists above, I’d pick Texas -- in part because of the affordable homes/land and less extreme climate of Florida (like a sauna) or Nevada (like an oven). Some parts of Nevada (up north, or Reno?) might be quite livable also, I’d imagine, but their airports can’t hold a candle to DFW for choice of non-stop destinations. For those of us who like to get “Out of Dodge” every now and then.
Vancouver, WA seems a great place for those who want to avoid State Income Tax in WA, and enjoy the No Sales Tax across the Columbia (in Portland, OR). It also has a temperate climate too, w/o the extremes of heat or cold. If you don’t mind your windshield wiper on intermittent 8 months of the year, it seems. And it's a mere 4.5 hrs from the Canadian border (by car), if you want/need to leave the US with a vehicle full of 'stuff'... some day.
Based on all these and if we ignore Divorce* laws, my ideal cities/regions in the US are (1) Vancouver WA and (2) Dallas TX.
* Don't be a fool, use your tool: your Brain! The one on your shoulders, not the "little brain" in your pants. In spite of the "undying love", "best intentions" and endless prayers, deal with America's sky-high divorce rate on a pre-emptive/prophilactic basis, by getting a PRENUP (that covers child support but avoids spousal support) -- just as an Insurance Policy against the Dark Side of human nature, and the nature of lawyers and courts. Or suffer the consequences.
So far as the 'Sweetheart deal' for ch 7 bankruptcy, most deeds of trust and mortgages that I read the rights of a homestead declaration are specifically removed, and the borrower signs off on it. The banksters don't want to lose that property...
Sounds good. When my Congressman pays his share off first and signs a bill into law requiring an annual balanced budget starting with 2014, a 50% cut in military spending, banning of all PAC;s, and a limit in campaign contributions to only private US citizens (not corporations) up to a max $100, I am ready to pay my share.
You forgot the unfunded liabilities which adds roughly another millions bucks to our personal debt...on top of that the forced bail-in to fund the $200+ trillions in outstanding derivatives.
ah, it's "special". did not know that. learned something new
special "debt instrument" = patriotically appropriated = stolen from low info sheep
It is still a part of the Treasury debt. I doubt China holds "straight" Treasuries either. Also missing is private holdings by Americans which makes up the largest amount.
The first sign of an idiot and a hack is to refer to the "Trust Fund" as safety or security for SS.
In other words, it's a worthless piece of paper. Congress stole $2.6Trillion.
Holdings????
ROFLOL!!!
Mr. Gore? Is that you?
Fat enough.
Stacks, you no comprende? Trust Fund loaded with billions of " non-negotiable FRNs which are really digital entries on a computer account. Everyone knows these will never be repaid so we "owe the money ( future tax revenue) to ourselves. It's like that gold in The Reserve's vaults. It's really not there.
Better breakdown here Social Security is the largest holder of debt actually with $2.6 Trillion
Federal Reserve holds 2.1 Trillion
Social Security 2.6 Trillion
Federal - Military Pensions 1 Trillion
Everyone The U.S. Government Owes Money To, In One Graphhttp://www.npr.org/blogs/money/2013/10/10/230944425/everyone-the-u-s-gov...
I wonder why SS can't pay for itself. Obviously because it has been stolen.
Tell me more about the SS ponsi, wingers.
I like stolen but technically it's been borrowed from and is therefore a debt just like any other and the program does pay for itself since it gets no government funds. This is often misunderstood. It is paid for by individuals and their employers not by the government.
Since the program does not have the power to tax when it goes broke it goes broke and that's where the idea of a ponzi comes in since those at the end of the program could end up on the short end of the stick unless Congress does something about it. But even if they did you probably couldn't trust them it was supposedly fixed under Reagan.
(from 2012)
Now let’s look at how that $2.7 trillion Social Security surplus arose. In 1983, President Ronald Reagan sponsored an increase in Social Security taxes, changing the program from pay-as-you-go to collecting much more taxes than it paid in benefits. The idea was to have the Boomers prepay part of their old age benefits. The extra tax was supposed to pay off the federal debt and then be invested in federal bonds. Instead, Reagan ran huge deficits, violating his 1980 promise to balance the federal budget within three years of taking office.
http://blogs.reuters.com/david-cay-johnston/2012/05/04/social-security-i...
It is pretty amusing IMO that people spend more time worrying about this program that does not get government money though then they do about paying the interest on the politicians borrowing from it.
For the record I am not saying Social Security is a good program I for one think it was unconstitutional but it was the law of the land and people were forced to pay in. Personally I wouldn't mind just receiving back my portion so I could invest it myself.
Look, there is no such thing as "my SS contributions". OK? Its all been stolen years ago. No one is giving it back, no one owes it to you, and the only way you will get it back is by taking it back. Which pretty much pits you against the government.
By your logic then we don't owe any debt to China, corporations or anyone else who lent money to our government. As hard as it is for people to accept it's a debt just like any other.
Theft is immoral and one mans debt is another's asset. Ahh divide and conquer. Pretty funny to see people turning on their own countrymen because politicians borrowed from the fund.
Why no social security trust fund holdings bar in the graph ?
Because Social Security has NO TRUST FUND, only and IOU worth 2.5 trillion. The IOU is really the taxpayers guaranteeing themselves 2.5 trillion for the future expenses of a retiring baby boom.
See where your 401(k), 403(b), Keough, ROTH IRA, (insert favorite Wall Street PONZI vehicle here) is going? It is going to be CONFISCATED because you guaranteed the IOU after YOU spent it all on: TRICKLE DOWN ECONOMICS, GE PROFITS, 11 aircraft carrier battlegroups, 800 military bases, no bid Halliburton contracts, useless wars, useless eaters, State bailouts, UAW, GM, and countless rounds of golf and Hawaiin vacations!! Toss in a few free trade agreements, outsourcing, offshoring and globalization and you have the makings of an economic collapse of immense proportions followed by the birth of UFSofA.
Honor your nearest "jobs creator" for he is rightous and salutary and may his countenance shine down upon you!
The global bond market is some $90 trillion dollars. Wall Street is worried that the retail investor and institutional investor maintain their 25%-30% allocation to bonds - certainly not treasury bonds. Retail investors hold negligible amounts of treasuries compared to corporate bonds, muni bonds and money market (which themselves hold quite a bit of garbage commercial paper and now want to lock redepmtions!).
So zerohedge thinks that the treasury market has no buyers if QE stops. That's a popular position spewed in the MSM, to me it is surprising that it gets so much publicity here.
When the QE risk party stops risk bonds will suffer, along with equities. To think that this will not benefit safe haven developed market bonds is a stretch.
I think this is how 2014 may play out...
Taper, Janet has her marching orders, and if you have not read her resume, "Does what she is told to do" should be stamped on top.
Taper will at some point lead to a big market correction along with more tapering and and how about bashing the hell out of gold while we are at it. Is Goldman smart or just on to some inside information?
Safe haven. The propaganda news will go wild with "treasuries are the safe haven, and its "risk off", which is why every one is selling stocks and gold!
Lastly, the Chinese will use this as a good opportunity to offload a good chunk of their treasuries and buy gold.
It it gets anymore stupid than that you better be careful with your IRA/401K, because they my get "safe havened" too.
Spot on. Just Google "China direct bidder for US treasuries" and it all becomes very clear. This is a global ponzi to enable the Feudal NWO.
.....looks like it's time somebody started a Woar, oh wait
Me love you long time.
Buy our worthless paper and we'll buy your worthless junk.
Where's GB? Our biggest allies.............Bwahahahahahaha!!!
It's almost like the asians are part of the plan or something...
Bet you they don't hold any in reality.
Pledged as colateral at western banks.Its what I would do in their place.
Just another FedRes lie, I don't know we even bother to read their BS anymore.
+100
Agreed..., too funny
I know the drill Winston. Only one rule applies now; when fraud is the status quo, possession is the law.
I also remember this "when things get bad, you have to lie" - some E.Z. stuffed shirt.
The Federal Reserve is a country or geographic location?
Yes.
More like an anatomical location.
How do you say 'don't seize my property bro' in Chinese?
GOLD
first they come for your dog...
than they come for your cat...
AND WHAT HAPPENS WHEN YOU RUN OUT OF PETS?!
THE KIDS GET SOLD INTO SLAVERY
Tongzhi bu zhuazhu wode caichan
$60B increase from Belgium? Come on.
What a Clown Show...
we're a 300 billion economy with a debt of 120%...
so what do you do?
YOU BUY US BONDS WITH MONEY YOU DON'T HAVE!
something isn't right here...
it must be those AWESOME yields...
Must be the waffle trade surplus.
GrEaT... Belgium...
now excuse me while I go cry my eyes out...
I was the same way. Belgium? Seriously?
YOU'ALL BETTER START LEARNING DUTCH! WE KNOW A THING OR 2 ABOUT COLONISATION!!
SHOP SHOP BITCHEZ!!!
And tulips...
Yeah, i always used get Belgium and the Nederlands mixed up too... then i turned 7, and it was like a revelation.
LOL they both sound like yudenfludem
Ek ken n bit of Flemish?
Here ya go-
If they got cheese under their fingernails they're Dutch.
If it's chocolate they are Belgians.
Unnerstand?
Ja, dat klopt.
By the way, the Flemish version of Dutch is easier to learn, since it uses Latin grammar rather than the Germanic grammar that's used north of the border.
In Holland, it was always a pain in the arse in any complex sentence to remember to save all but one of the verbs and say them all at the end (i.e. "I have a new house thought to go see").
Acet, since you seem knowledgeable on the subject, I have a question which I have always wanted to pose to a Belgian, namely, why is, and has been, Belgium even a separate country? I mean, they are just either essentially Dutch or French, so where did the concept of Belgian "nation-ness" ever come from in the first place?
(Of course, I guess one could ask a similar question about the Swiss ....)
and Beer hmmmm
actually they speak French & Flemish
Flemish is Dutch with a slighthly different grammar and accent.
Say, InBev (Belgian) bought A Busch. Hmm ... was a deaL made ?
Which one will begin burning their government debt holdings first ? ....Fed or Bank of Japan ? POOF, and it's gone.
what a bogus and misleading chart. the fed along with foreign countries hold less than half of all outstanding treasury instruments.
Who holds the rest? Seriously...
Buzzsaw99 nice read amazing how 70% of the college graduates are business majors and a little second grade math is out of reach..
see page 29... and take a look not at the interest rate swaps. relative to hard assets... Real not synthetic issue... makes me sick.. Remember the ABX going on collateral table for 85% when trading at 8%....
http://www.occ.gov/topics/capital-markets/financial-markets/trading/deri...
Buzzsaw99 nice read amazing how 70% of the college graduates are business majors and a little second grade math is out of reach..
see page 29... and take a look at the interest rate swaps. relative to hard assets... Real not synthetic issue... makes me sick.. Remember the ABX going on collateral table for 85% when trading at 8%....
http://www.occ.gov/topics/capital-markets/financial-markets/trading/deri...
Buzzsaw99 nice read amazing how 70% of the college graduates are business majors and a little second grade math is out of reach..
see page 29... and take a look at the interest rate swaps. relative to hard assets... Real not synthetic issue... makes me sick.. Remember the ABX going on collateral table for 85% when trading at 8%....
http://www.occ.gov/topics/capital-markets/financial-markets/trading/deri...
I Don't see Israel on the chart ???
That's covered under 'FED'.
I will buy yours if you buy mine.....that is what is going on..
A global circle jerk, yup, sounds about right. I guess they figure it doesn't matter if you or somebody else tears it all up.
Makes sense. China, as the world's most populous nation, needs the most toilet paper.
Did someone on the plunge protection team legally change their name to "Mainland China"?
Where's anyone Europe? How about Pimco?
Let's start a war. Let's start a nuclear war at the gay bar gay bar gay bar.
Don't worry lads. People will pile into short term bonds when the fed stops QE. When the stock market is primed and ready to crash, short term bonds are the safest place to be.
So the Chinese are taking 1000 tonnes of gold out of the west each month and they have not even started selling down their US Treasuries, no end in sight.
10 years from now: China's xinuiliangxangNBC will be talking about the US dollar carry trade.
Xinlangwang--Sina.com.cn.
(Buy their stock)
is gold being supressed for the chinese in exchange they hold their treasuries?
http://www.marketwatch.com/story/who-did-the-hiring-in-2013-and-what-the...
.
Would love to see this chart annually from 2007 thru 2013.
I've been hearing for years that China refuses to take anymore U.S. debt.
Don't! Stop! Don't! Stop! Don't! Stop!
"...how much interest in "money good" paper will everyone else have?"
Very much as the risk-on trade teeters toward risk-off?
The Fed I get, but the jackpot questions are:
1. Why did China buy so many treasuries?
...and...
2. Why would they continue to hold them?
The US is bankrupt... they know that.
IMO, China is waiting for gold to get cheaper so they can buy more, then they will start dumping US debt.
The Yuan (or whatever they decide to call it) will then be 100% backed by gold and will become the new world reserve currency.
China needs to keep its currency from appreciating. So, it prints Yuan, sells the Yuan for dollars, then buys Treasuries with the dollars. China does the same with the Euro and other currencies to some degree. This process allows China to control the rise in its own currency. Although holding depreciating currencies like the $US may not be an ideal situation for them long-term, they are hedging nicely by diverting a steady stream of fiat into gold. They know that eventually, this currency race to the bottom will manifest itself in sharply increasing precious metals prices. The risk for the Chinese, Japanese and other holders of US or European debt is some sort of sudden loss of confidence and resulting surge for the exits. Once or if this begins, all these securities will be toast. But so far so good and there is no point in upsetting the apple cart, especially since they continue to amass gold at good prices while their economy is still hanging in there.
Could the blatant internationalist move to put the former head of the Bank of Israel, Stanley Fischer, at the Fed controls be the final connection opening the doors to China politics as closer connections between China and the Bank of Israel signal new power for the internationalists?
Now that the U.S. and her people have been gutted out by hostile takeovers and mergers in the 1980s and onward, her manufacturing and intellectual base offshored primarily to China et al, and China now financed by Fed international bankers backed-stopped by the U.S. treasury and America's assets, it’s time for the internationalists to move on to China.
Israel Hayom : 'With the Jewish mind and the Chinese engine, the sky's the limit
December 19, 2013 -- "My visit to China [in May], and your visit today in Jerusalem, showcases the determination our two governments have to strengthen our friendship and improve cooperation between us," Prime Minister Benjamin Netanyahu told Chinese Foreign Minister Wang Yi Jerusalem on Wednesday.
Wang arrived in Israel Tuesday night for a three-day visit. "Our strengths complement one another," Netanyahu said. China has massive industrial and global reach. Israel has expertise in every area of high-tech. And I think the combination could be very, very beneficial to China and of course to Israel. Especially with regards to the fields we are talking about: science and technology, water management, agriculture, green energy and health services. Likewise we want to increase cooperation between us in global transportation. I would like to talk to you about the rail road that will connect Asia and Europe, by going from the port of Eilat on the Red Sea to the Ashdod port on the Mediterranean. I believe this is important to global and Chinese commerce."
Netanyahu highlighted the two countries' shared values. "We both value education and families. We value knowledge and learning. We place importance on taking initiative and being entrepreneurial, something which both Israel and China have in great supply. I think Israel could be a perfect partner for China in research and development
"It gives me great pleasure to come to Israel," Wang said. "Indeed this is my first trip to this country as Chinese foreign minister. I have first and foremost come to Israel for the furtherance of friendship between our two countries. Indeed there is a profound traditional friendship between people of our two countries."
The Chinese foreign minister echoed Netanyahu's belief that Israel and China's economies are well fitted for one another. "I've also come to pursue stronger cooperation between our two countries. Our two economies are highly complementary, and the mutually beneficial cooperation between us enjoys a very bright future. During your visit to China this year, Mr. Prime Minister, you reached a very important agreement with President Xi Jinping, and Premier Li Keqiang of China on how to further deepen the mutually beneficial cooperation between our two countries. I have come to explore with my Israeli counterpart on how to further implement all the important consensus and explore the various areas of even stronger cooperation between us so as to deliver greater benefits to both peoples," Wang said.
…Meanwhile, Yi praised the potential of Sino-Israeli cooperation Wednesday night at a banquet in the King David Hotel in Jerusalem. "With the Jewish mind, and a Chinese engine, we will build a machine that will reach the skies," he said…
http://www.israelhayom.com/site/newsletter_article.php?id=14131
Kirk MacKenzie notes in Money: Defending Your Prosperity: “It takes only a little research to reveal the correlation between the names of the international banking elite and the names of those pushing for subordination of all nations to a federal World Government.”
So Israel in the drivers seat, riding on China's back?
Perhaps the internationalists (from the Fed to London to the Bank of Israel) will be riding the Chinese horse but it's not a good bet to put your money on China long, IMO. The current tyranny cartel is every bit as ruthless as Lenin, and related as well, but the American people are not Russian peasants...yet.
Zapatista leader Subcomandante Marcos in his essay The Fourth World War Has Begun that originally appeared in Le Monde Diplomatique in September of 1997 documents the link between globalization and bank fraud. Here is a brief excerpt from Marcos in an article on Zero Hedge by JS Kim:
http://www.zerohedge.com/article/startling-link-between-globalisation-and-bank-fraud
What are George Soros and Lloyd Blankfein and Stanley Fischer and Henry Kissinger and Janet Yellen and Benjamin Netanyahu but criminals of international status?
from their own perspective they herald the new age of post industrial, post nation state, post nuclear age, post populist rage, new world order of Oligarchs cum entrepreneurs who run the world for the good of common man.
Frontiers means nothing, Ricardo's principle and labour arbitrage meme is the salt of competitivity.
All men are equal, except for the Oligarchs who live on Olympus.
Getting there is what the social escalator is now all about. Networking is the road to social and economic nirvana.
Either as Bill or Steve or as Warren and Jamie; you choose the hard way or the fast track way.
Thats how the cookie crumbles in this age of global reset.
All the others don't count as they are countless.
Hope. Maybe we will one day be free of these eternal, infernal, blood-sucking parasites.
Kirk MacKenzie notes in Money: Defending Your Prosperity: “It takes only a little research to reveal the correlation between the names of the international banking elite and the names of those pushing for subordination of all nations to a federal World Government.”
I think he meant "feudal World Government"
I bet the Fed got a nice toaster.
And America got toasted.
If you want to see a fallen America, you can get the image in Sadhill's picture of a fallen eagle (link below), killed by permission of the Obama Administration.
How symbolic that the bald eagle can now be killed through categories of the socialist state: native American tribes and so-called green energy (wind farms).
After ruling earlier that the Arapaho Indians could kill bald eagles for religious purposes, the Obama Administration has moved on to allowing wind farms to kill bald eagles.
Sadhill comments in October of 2013 that “for a man who completely understands the importance of – and whose only memorable ‘legacy’ will be – a symbol [just like Hitler], it’s rather fitting that Obama would encourage the destruction of America’s soon to be endangered (again) national symbol.”
Obama To Sign Rule Allowing Wind Farms To Kill Bald Eagles
(Breitbart) The Obama administration is about to approve a rule that will ensure the death of golden and bald eagles for the next 30 more years.
http://sadhillnews.com/2013/12/06/obama-to-sign-rule-allowing-wind-farms-to-kill-bald-eagles
Useful idiots comes to mind - Obama has a lot in common with Hitler but people don't remember history or are not taught history correctly. Hitler was a Greenie too and they had national socialism.
Hitler: green guru By Australian columnist Andrew Bolt http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/commen...
Fascist Ecology:The "Green Wing" of the Nazi Party and its Historical Antecedents
http://www.spunk.org/library/places/germany/sp001630/peter.html
Obama, Hitler, And Exploding The Biggest Lie In Historyhttp://www.forbes.com/sites/billflax/2011/09/01/obama-hitler-and-explodi...
" Those who refute capitalism because it supposedly is inimical to the interest of the masses, those who proclaim “as a matter of course” that after the victory over Hitler the market economy will have to be replaced by a better system and, therefore, everything should be done now to make the government control of business as complete as possible, are actually fighting for totalitarianism. The “progressives” who today masquerade as “liberals” may rant against “fascism”; yet it is their policy that paves the way for Hitlerism."
https://www.mises.org/daily/1691
But did they get the warranty? This graph clearlly shows why the Fed and the US Gov is very afraid that the price of gold could go higher...if it were to do so we could easily see a move out of treasuries and into gold/silver.....the Japanese/Brazil/Chinese investors are all susceptible to shifting to gold if the price seems to be heading higher........
When Japan collapses in the near future causing the world economy major problems thereby resulting in a large drop in exports from China, imagine what those two countries are going to want to do with their US treasuries.
In the past when a nation's currency failed, there were always 'safe havens' where one could protect some of the wealth built up in that currency.
In Zimbabwe, people hold $US or South African Rands
When Yugoslavia blew up and its currency hyperinflated peopel held German Marks.
Problem is that if people lose confidence in the $US, where do they go to protect capital?
NOTHING in the world offers a large enough pool to meet the potential demand. Norwegian Krone? Singapore dollars?
China isn't just buying gold - they're buying tangible assets like Australian mining companies, African farmland, energy contracts with Central Asian nations - they are buying ANYTHING that has real lasting value
That's a lot of paper searching for a toilet.
So when is QEen Yellen, and the rest of her insane money printers going to be buying 100%?
Evans and Dudley we know you would like part of that printed money in stocks to enrich you and your buddies.
What a scheme. End game is a currency crisis.
10's yields are down almost 1.5%. I guess the taper is off for the moment at the W.W.Fed. .
There is a way out of this mess. I would say nullify the Federal Government but it is even easier to do and when the debt loads becoming crushing enough on the states it will be in their self interest to do so.
As most people do not know there are 4 organic laws that this country is based on not 1 aka the Constitution.
http://uscode.house.gov/browse/frontmatter/organiclaws&edition=prelim
Each one is limited by the preceeding one.
1. Declaration of Independence - 1776
2. Articles of Confederation - 1777
3. Northwest Ordinance - 1787
4. Constitution - 1787
The key point is Washington D.C. is a territory not a state and as such the Constitution is really special case territorial government arrangement.
Terroritorial goverments are temporary arrangements that are in line with the preceeding documents until admitted into the Union as a state.
The key point is the states can revoke terroritorial possession legally and the same can be done with Washington D.C. which in turn nullifies the whole Federal Government and debts accrued by it. The United States of America doesn't collapse it just trips back to 3 organic laws since the Constitution is no longer valid as 'law of the land'. That debt was accrued by the a territory and territorial govt not the states themselves.
With that said it takes plurality of citizens to nullify D.C. but the legal basis and mechanisms are all built into the organic laws. Plus you do that I guarantee to make it stick is going to take the blood of Patriots to water the tree of liberty but by doing it legally it allows for others to legally enter the conflict and then we find just who our real friends are in the world.
Can we give this "state citizen" talk about how "the federal government only rules DC" a rest already? It's been debunked so many times it's not even funny.
It is a special case territorial government that we accept on top of the original government of the United States of America which is outlined in the Articles of Confederation. The states can revoke D.C.'s territorial status.... and in turn.
The fact you make a statement like that says it all.
And the crazies come out of the woodwork.
That is the best you got attack the messenger and the don't look over there we already deemed it not valid. If it has been debunked show us where and stop being intellectually dishonest if it is crazy tinfoil ideas.
Hell for those that aren't you don't believe me read the documents yourselves. Why was Washington D.C. created in the first place as a district (territory) and not a state? Why is the Federal Goverment housed in a territory and not a state? Why would the founding fathers do that?
The only difference between D.C. and Puerto Rico is that D.C. is an incorporated territory (just a special case one) that layers on top of the Northwest Ordinance and in turn reigns in territorial government by making the distinction that the US Consitution is applied to local territorial government and inhabitants as a whole. That distinction just adds on top of the Northwest Ordinance and territorities for orderly admittance into the Union later on when the territory is carved into states and votes to join the Union. The Phillippines was also a US territory that as given it's independence in case anyone has forgotten. We can easily cut D.C. loose and in turn the whole Federal Goverment, the idea of Congress and representation for states along with other matters just trips back to the Articles of Confederation. If you cut it loose so does the debts accrued since territorial government still exists just not as part of the United States.
The founding fathers are a lot more crafty than people give them credit for the organic documents give us enough rope to hang ourselves or the Federal Goverment (when it gets to far out of control and can't be fixed any other way) without nullifying the whole United States but it is our choice to decide which one we want to do, they took a neutral stance and just left the groundwork for when the time was right. Remember the documents were borne out of rebellion not out of servitude.
I don't expect people to think like me, just that they think and use their brains and ask criticial thinking questions.
There will be default (perhaps stealth, perhaps outright), then hopefully decentralization. Something resembling what happened in the Balkans (Yugoslavia).